Jun 27, 2024
Wrapping up the month of June, and the start of a new Quarter in July: Expect market volatility. Micron's miss will weigh on tech sector. Analysts' estimates have dropped by $5/share for Q3, lowering the bar in anticipation of next reporting season. Final Q1 GDP revision due today. Moving closer to July Fed meeting...
Jun 27, 2024
Tonight's "great debate" doesn't mean much from a market perspective. However, with three months to go before the Presidential election, options markets have begun (already!) pricing-out the outcomes. Yes, Virginia, Wall Street bets on the election...just like they bet on everything else! Markets are fairly elevated,...
Jun 26, 2024
Pre-debate, Consumer Confidence, and a rally for Nvidia: earnings preview & market commentary: How long can markets remain over-bought? Investors' common mistakes: Acting too soon, and over-reacting. Markets can remain over-bought for a long time; a function of market momentum. Consumer confidence has been...
Jun 26, 2024
Markets are over-bought and can stay that way for a long time. Being over-bought is a function of momentum. A lot of market momentum will drive asset prices higher. This does NOT mean you won't see small corrections back to a support line...which tend to be buying opportunities instead of selling opportunities. Look...
Jun 25, 2024
Fed speakers are out this week, talking the same game. Lance examines corellation between the Chicago Fed National Activity Index and economic growth, and what posts to X (formerly known as Twitter) are to be called. Who does the Fed depend upon for data? There are many divergences in the data; Nvidia's bad day(s):...